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Anti-money laundering specialists may be focusing on how crypto-currencies and online transactions pose an increasing ML/TF risk, especially with Covid-19 encouraging ecommerce, but the reality is that cash remains the money launderers’ best instrument for moving dirty money.

That is the conclusion of Gabriel Hidalgo, a managing director at risk specialists K2 Integrity, in New York: “Cash is king for ML; it continues to be king; and on the majority of levels, illicit actors will continue to use cash,” he said.…

THE 11TH-HOUR trade deal UK and European Union (EU) negotiators struck last Christmas Eve reassured many dairy traders, but British cheesemakers now face major challenges. New expensive and complicated bureaucracy for UK-EU trades is fouling-up overseas dairy sales, and even pricing smaller companies out of the EU market.…

THE ISRAEL government is pushing ahead with an ambitious plan to expand the country’s solar power output, awarding two sets of tenders involving 840MW of generating power in the past 12 months and requesting bids for a huge single solar power plant in the Negev Desert for 300MW.…

WHILE investment into nuclear energy continues, especially in emerging market countries such as China, in Europe, this sector continues to dwindle in size, with some key countries sticking to plans to phase out the technology.

Concerns about safety and the environmental cost of its waste have encouraged Belgium, for example, to stick to its goal, as laid down in a January 2003 law (1), of stopping any nuclear energy production within the country by 2025, experts have told Energy World.…

The medieval scholar Abd al-Rahman Ibn Khaldun, a famous Tunisian historian of the 14^th and 15^th centuries, created a model for the history of states, which he said had a natural life of birth, maturity and death.

His Muqaddimah, published in Arabic in 1377, written as a prelude to an ambitious survey of global history, said states went through three stages, always ending – as the adage about politics says – in failure.…

SRI Lanka is making a significant step towards increasing its share of locally-sourced raw materials for clothing made in the country by setting up a fabric processing park – construction beginning in the first week of February.

Funded by the government’s investment promotion agency, the Board of Investment (BOI), its location is Eravur, Batticaloa, in the country’s Eastern Province.…

BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.

The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…

LUXEMBOURG may be a small country, but it is big in dairy, especially milk – with its other main products cheese, butter, butteroil and cream. Growth in the dairy sector of this Grand Duchy, similar in size to the UK country of Dorset and slightly smaller than the US state of Rhode Island, is continuing – even during the market disruption of the Covid-19 pandemic and Brexit.…

The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.

Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…

CANADIAN auto sales experts have warned that aftermarket supply chains, including parts for repairs, must be guaranteed to boost consumer confidence about buying EVs in this vast unevenly populated country. With rural drivers maybe scores of miles from a repair shop, motorists fearing delays for EV parts to arrive, may be reluctant to switch from combustion engine vehicles, say marketing experts.…